Aldrees Petroleum 4200

Bullish Indicators

1- Bullish engulfing candle
2- Support @ 50% fib level
3- Bullish divergence on Chaikin oscillator

Bearish Indicators
1- Dow: making LL and LH
2- Trendline support broken
Biased: Long

Trade Plan A: Long
Entry current price (69) SL @ 65
TP1: previous trendline support 73
TP2: 79

Trade Plan B: Short
@68 SL @ 70
TP1: 64